ExxonMobil’s Q3 net income decreases to $7.5bn

ExxonMobil has reported net income of $7.5bn for the third quarter (Q3) ended 30 September 2025, a 12% decrease from $8.6bn recorded in the same period last year. ExxonMobil attributed the decreased earnings to weaker crude prices, bottom-of-cycle chemical margins, higher depreciation, growth costs and lower base volumes from strategic divestments. Total revenues for the quarter stood at $85.3bn, down from $90bn in the corresponding quarter in 2024. This decline in revenues was accompanied by a reductio ...